{"id":1342,"date":"2019-11-12T08:30:22","date_gmt":"2019-11-12T08:30:22","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/11\/12\/heres-how-india-can-fight-economic-slowdown-veteran-emerging-markets-champion-mark-mobius-mantra\/"},"modified":"2019-11-12T08:30:22","modified_gmt":"2019-11-12T08:30:22","slug":"heres-how-india-can-fight-economic-slowdown-veteran-emerging-markets-champion-mark-mobius-mantra","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/11\/12\/heres-how-india-can-fight-economic-slowdown-veteran-emerging-markets-champion-mark-mobius-mantra\/","title":{"rendered":"Here&#8217;s how India can fight economic slowdown; veteran emerging markets champion Mark Mobius&#8217; mantra"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-1761924 size-full\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/11\/mobius-reuters.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/mobius-reuters.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/mobius-reuters-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/mobius-reuters-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/mobius-reuters-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"wp-image-1761924 size-full\" src=\"https:\/\/images.financialexpress.com\/2019\/11\/mobius-reuters.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/mobius-reuters.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/mobius-reuters-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/mobius-reuters-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/mobius-reuters-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">\u201cThe euro is now undergoing negative rates. You have to pay the bank to keep your money. So this is a very strange and opportune moment for India,\u201d Mark Mobius said.<\/span><\/figure>\n<\/div>\n<p>Amid the ongoing economic slowdown, emerging markets champion Mark Mobius says that one of the ways to tackle the problem is by boosting spending on infrastructure. According to the expert, India can look to raise capital from international markets. \u201cIndia should look to issue bonds internationally. This will help the country to grow, and boost exports,\u201d he said in an interview to CNBC Tv18. Mobius pointed out that a lot of high risk countries are issuing bonds at very low interest rates. \u201cThe euro is now undergoing negative rates. You have to pay the bank to keep your money. So this is a very strange and opportune moment for India,\u201d he said.<\/p>\n<p><strong>Also read:\u00a0<a href=\"https:\/\/www.financialexpress.com\/market\/lic-invites-bids-for-stake-sale-in-unlisted-company\/1761884\/\" target=\"_blank\" rel=\"noopener noreferrer\">LIC invites bids for stake sale in unlisted\u00a0company<\/a><\/strong><\/p>\n<p>Notably, economic data indicates deeping of slowdown.\u00a0The latest evidence is the data on industrial output, which showed that India\u2019s IIP (Index of Industrial Production) fell by 4.3% on-year in September, indicating a severe contraction in the activity.\u00a0Consumer durables production was down by 9.9%; manufacturing slipped by 3.9%, and capital goods output fell by as much as 20.7% on-year in the month.\u00a0Industrial production figures for the previous month of August were revised to show a deeper contraction at 1.4% than that recorded at 1.1% in the previous reading.<\/p>\n<p>In Mobius\u2019 assessment, both internal and external factors are contributing to the ongoing slowdown. \u201c50% of India\u2019s problems are because of indigenous problems. We will look for lower taxes in India and bringing in foreign investors in infrastructure will be key,\u201d the expert had said. Sharing his valuable insights on asset allocation, Mark Mobius said that investors should look to keep at least 10 per cent in physical gold. \u201cI\u2019m bullish on gold, as you can imagine. I\u2019m not saying that it will not go down, of course it\u2019s going to fluctuate,\u201d Mark Mobius said.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] \u201cThe euro is now undergoing negative rates. You have to pay the bank to keep your money. So this is a very strange and opportune moment for India,\u201d Mark Mobius said. Amid the ongoing economic slowdown, emerging markets champion Mark Mobius says that one of the ways to tackle the problem is by boosting [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":1343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=1342"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/1343"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=1342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=1342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=1342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}